Meridith Company has budgeted sales for the upcoming months as follows (table)

Assume that 40% of the sales are credit sales, and the remainder are cash sales. Credit sales are collected 50% in the month of sale, 40% in the month following the sale, and 10% in the second month following the sale.

a) compute Meridith Company's budgeted cash receipts for June.

b) Compute merdiths companys budgeted cadh receipts for july.

c) compute meridith companys budgeted cash receipts for august.

AprilMayJuneJulyAugustSeptember$380,000392,000412,000432,000420,000400,000